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Lake County Gazette

Wednesday, November 27, 2024

Fox Lake Hills home prices fall in the second half of 2017

Realestate5

The median sale price of a home sold in the second half of 2017 in Fox Lake Hills fell by $43,000 while total sales increased by 26.1%, according to BlockShopper.com.

From July through December of 2017, there were 29 homes sold, with a median sale price of $150,000 - a 22.3% decrease over the $193,000 median sale price for the same period of the previous year. There were 23 homes sold in Fox Lake Hills in the second half of 2016.

The median sales tax in Fox Lake Hills for 2017 was $3,993. In 2016, the median sales tax was $4,651. This marks an decrease of 14.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.7%.

The following table compares Fox Lake Hills to other Lake County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Fox Lake6887-21.8%$163,750$167,600-2.3%
Beach Park1199328%$162,000$143,00013.3%
Channel Lake18175.9%$160,000$96,00066.7%
Lake Catherine16977.8%$157,000$110,00042.7%
Hainesville544325.6%$156,700$126,00024.4%
Fox Lake Hills292326.1%$150,000$193,000-22.3%
Winthrop Harbor6162-1.6%$146,000$157,802.50-7.5%
Round Lake Heights201625%$140,750$114,50022.9%
Round Lake Beach2432305.7%$135,000$120,50012%
Waukegan387418-7.4%$127,800$115,00011.1%
Long Lake34319.7%$122,500$120,0002.1%

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